May Monthly Skinny

May Monthly Skinny from the Minneapolis Area Association of Realtors. Sales are up, but over 40% of sales are lender mediated. Market is driven by currently low mortgage rates, low prices and the $8,000 first time homebuyer tax credit. Although there are fewer homes on the market compared to this time last year, it is not a rosy picture for the traditional home seller, as they face fierce competition from the lender mediated listings.